Mission Viejo-based Las Brisas HB LLC paid $28 million to Life of Hermosa Beach for the 76-unit Las Brisas apartment complex at 7981 Bay Drive in Huntington Beach. The apartments sold for $368 million a unit. The owner plans to convert them to condominiums. Peter Hauser of Hendricks & Partners represented both parties.
Raymer Avenue, LLC, on behalf of Alere Property Company, a pension fund advisor, has acquired a 167,754-square-foot building for $17 million. The property is located at 2051 and 2091 Raymer Ave. in Fullerton. Michael Hefner of Voit Commercial Brokerage LP represented both parties.
Alliance Bancorp paid $7.5 million to Allison Wimberly of Tong & Goo for a 26,651-square-foot office building at 2260 University Drive in Newport Beach. The building sold for $281 per square foot. Steve Economos, Geoff DeWolf and Matt Moore of NAI Capital Inc. represented the buyer. Pat Scruggs of CB Richard Ellis Group Inc. represented the seller.
Carol A. Crocker paid $5.3 million to 209 Fabricante LLC for a 22,392-square-foot office building at 209 Avenida Frabricante in San Clemente. The building sold for $237 per square foot. Rob Johnston of Johnston Pacific represented the buyer. The seller, part of Laguna Niguel-based Providence Realty Group, represented itself.
State College Blvd. LLC paid $2.7 million to BKM Development Co. for a 10,516-square-foot industrial building at 1385 S. State College Blvd. in Anaheim. The building sold for $257 per square foot. Louis Tomaselli and Mitch Zehner of Voit Commercial Brokerage represented both parties.
David and Kimberly Tran paid $2.6 million to P.P.R. LLC for a 9,369-square-foot building at 2571 W. La Palma Ave. in Anaheim. The building sold for $277 per square foot. David Robertson of Triad Realty represented both parties.
Tung Family Trust paid $1.4 million to Tom and Shirly Turner for a 5,760-square-foot industrial building at 7056 Kearny in Huntington Beach. It sold for $243 per square foot. Tom Gilmer of Lee & Associates Commercial Real Estate Services Inc. represented the seller. Mike Bouma of Voit Commercial Brokerage represented the buyer.
